Aurora Innovation (NASDAQ:AUR) Shares Up 8.2%

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) shares were up 8.2% on Friday . The stock traded as high as $3.18 and last traded at $3.17. Approximately 3,802,230 shares traded hands during trading, a decline of 44% from the average daily volume of 6,778,675 shares. The stock had previously closed at $2.93.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AUR shares. Canaccord Genuity Group raised their target price on shares of Aurora Innovation from $5.50 to $6.00 and gave the company a "buy" rating in a research note on Friday, March 15th. TD Cowen cut their target price on shares of Aurora Innovation from $3.50 to $3.00 and set a "market perform" rating for the company in a research note on Friday, March 15th.

Aurora Innovation Trading Up 12.3 %

The business's 50-day moving average price is $2.70 and its 200-day moving average price is $2.80. The stock has a market cap of $5.05 billion, a PE ratio of -5.39 and a beta of 2.85.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share for the quarter.

Insider Activity

In related news, Director Reid Hoffman sold 1,000,000 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $2.52, for a total transaction of $2,520,000.00. Following the sale, the director now directly owns 463,563 shares of the company's stock, valued at $1,168,178.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.83% of the company's stock.

Institutional Trading of Aurora Innovation

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Willis Johnson & Associates Inc. acquired a new stake in Aurora Innovation during the third quarter worth $29,000. Parallel Advisors LLC grew its stake in shares of Aurora Innovation by 91.9% in the fourth quarter. Parallel Advisors LLC now owns 7,100 shares of the company's stock valued at $31,000 after buying an additional 3,400 shares in the last quarter. Simplicity Solutions LLC acquired a new stake in shares of Aurora Innovation in the third quarter valued at $33,000. Headlands Technologies LLC acquired a new stake in shares of Aurora Innovation in the fourth quarter valued at $41,000. Finally, ASB Consultores LLC acquired a new stake in shares of Aurora Innovation in the third quarter valued at $44,000. 44.71% of the stock is owned by institutional investors and hedge funds.

Aurora Innovation Company Profile

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.